Auto Service Finance, a London, UK-based automotive payment provider, raised over £14m in debt and equity funding. The company secured £850k through equity given to private investors, taking its total investment to £4m since its launch, as well as a further £13.3m debt facility provided by London based Naviter Capital, which is also one of… Continue reading Auto Service Finance Raises Over £14M in Debt and Equity Funding
Author: FINSMES Online News
Autofleet Raises $7.5M in Series A Funding
Autofleet, a Tel Aviv, Israel-based provider of AI-powered fleet optimization and vehicle-as-a-service solutions, raised $7.5m in Series A and seed financing. The Series A was led by MizMaa Ventures with participation from mobility-focused investors Maniv Mobility, Next Gear Ventures and Liil Ventures. The seed financing was led by Maniv Mobility. The company intends to use… Continue reading Autofleet Raises $7.5M in Series A Funding
Phantom AI Raises $22M in Series A Funding
Phantom AI, a Burlingame, Calif.-based developer of a vehicle-agnostic autonomous driving platform, raised $22m in Series A financing . The round, which brought the total capital raised to date to $27m, was led by Celeres Investments with participation from Ford Motor Company and KT (Korea’s largest telco) and existing investors Millennium Technology Value Partners and… Continue reading Phantom AI Raises $22M in Series A Funding
Wunder Mobility Acquires Keaz
Germany-based Wunder Mobility acquired the technology and staff of Australia-based Keaz, a car-sharing and rental technology provider. The amount of the deal was not disclosed. As part of the deal, Keaz team members, including founder and CTO Tim Bos, will be joining the Wunder Mobility team as it continues to invest in further development of… Continue reading Wunder Mobility Acquires Keaz
ProtoPie Raises Additional $6.3M in Series A Funding
ProtoPie, a Seoul, South Korea-based provider of prototyping software platform, raised $6.3m in Series A funding. Backers in the round, which brought total venture capital funding to date to $9.9M, included Vela Partners. The company intends to use the funds to grow ProtoPie in North America. Led by Tony Kim, Co-founder & CEO, ProtoPie provides… Continue reading ProtoPie Raises Additional $6.3M in Series A Funding
Abwaaab Closes $2.4M Pre-Seed Funding Round
Abwaaab Technologies, an Amman, Jordan-based online learning platform, closed a $2.4M pre-seed funding round. The round was kicked off by Adam Tech Ventures and joined by Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund (“ISSF”), a London-based investment fund. The startup plans to use this funding to develop its product and grow its… Continue reading Abwaaab Closes $2.4M Pre-Seed Funding Round
Spectro Cloud Raises $7.5M in Seed Funding
Spectro Cloud, a Santa Clara, Calif.-based enterprise cloud-native infrastructure company, emerged from stealth and raised $7.5m in seed funding. The round was led by Sierra Ventures with participation from Boldstart Ventures. The company intends to use the funds to continue to expand operations and finalize the product. Led by Saad Malik (CTO), Tenry Fu (CEO)… Continue reading Spectro Cloud Raises $7.5M in Seed Funding
RoadRunner Recycling Raises $28.6M in Series C Funding
RoadRunner Recycling, a Pittsburgh, PA-based technology platform built for commercial recycling, raised $28.6m in Series C financing. The round was co-led by e.ventures and Greycroft with additional participation from Franklin Templeton and existing investors Adams Capital Management and FJ Labs. The company intends to use the funds to double the size of its current team,… Continue reading RoadRunner Recycling Raises $28.6M in Series C Funding
Rancher Labs Raises $40M in Series D Funding
Rancher Labs, a Cupertino, Calif.-based creator a Kubernetes management platform, raised $40m in Series D funding. The round, which brought total funding to date to $95m, was led by Telstra Ventures, with participation from existing investors Mayfield, Nexus Venture Partners, GRC SinoGreen, and F&G Ventures. The company intends to use the funds to expand focus… Continue reading Rancher Labs Raises $40M in Series D Funding
Fintech-Powered Innovation In The Automotive Industry- The Latest Trends
Fintech is huge these days becoming an essential part of every industry. It makes things faster, cheaper, and easier both for organizations and their customers. According to some recent fintech statistics, nearly 64% of consumers have used two or more fintech services or platforms in 2019 alone. Moreover, specialists expect that this industry will have… Continue reading Fintech-Powered Innovation In The Automotive Industry- The Latest Trends